Amid all of the justifiable concern about underfunded public pension systems, most recently in Alaska, it's easy not to notice that some places appear to ...
According to statistics compiled (free registration required) by the National Association of State Retirement Administrators and the National Council on Teacher Retirement, a number of plans actually have surpluses, instead of the billion-dollar unfunded liabilities you often hear about. The Florida Retirement System ($7.6 billion surplus) and the North Carolina Teachers and State Employees system ($3.6 billion surplus) are among the big winners.
Two questions for which I don't have an answer: Is it possible that these numbers are misleading and these systems aren't as healthy as they appear? And, if not, what makes them different from all the places that are struggling?
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
The Week in Public Finance: Moody About Ratings, the Worst-Funded Pension and Data Disappointment2 days ago
Some States Call for Bigger Cuts in Greenhouse Gas Emissions2 days ago
Jeb Bush’s Medicaid Fix: More Choices, Fewer Benefits?2 days ago
Ex-Virginia Lawmaker Vows to Marry the Teenager He Got Pregnant (and Run for Senate)2 days ago
6 Baltimore Police Officers Indicted in Freddie Gray's Death2 days ago
Judge Legalizes Gay Marriage in Alabama, But Not Yet2 days ago